Bitcoin White Paper Turns 13 Years Old Today — What You Need To Know About The …

Additionally, Nakamoto defined Bitcoin as a “chain of digital signatures.” Each owner of a coin transfers it to the next by digitally signing a hash of the previous transaction and the public key of the next owner, and adding these to the end of the coin.

Additionally, he also touched on incentives paid to the miners, privacy, and other details related to the world’s first blockchain-based cryptocurrency.

The Aftermath: After Bitcoin’s first block was mined, the first person to receive the cryptocurrency was the programmer and early supporter Hal Finney.

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